from. the flash from housing boom boom town this is where. welcome to the 77 percent. this weekend v.w. . now is confirmed fear of chrysler and persia are the fast lanes to merge they found traces of true titan of comic value that's $44000000000.00 euros. and 2 months ago the indian government closed kashmir off to visitors saying it wanted to help the region's economy to flourish but the tourism bound paralyzed is most important industry. this is the end of your business i'm going to office in berlin welcome amazing new come

a co is about to be born at chrysler and have now confirmed they intend to merge the marriage creates a true giant of the industry with a market value of about 44000000000 euros the new outfits fit 5050 between the 2 parties will be had ordered in the netherlands for chrysler has been looking for a partner for a while talks with well known as sun had failed in june. 5th chrysler is under pressure the italian american company has failed to invest in electric mobility its man brands chrysler dodge and jeep still rely heavily on older gas guzzling technology france's peugeot citroen is more advanced when it comes to technology but it doesn't have a big foothold in the u.s. . that's why the 2 companies are merging and the french government which holds a 10 percent stake in peugeot bucks the move. we believe that getting stronger and becoming the 4th largest car manufacturer is

the best way to protect jobs and to guarantee that we can compete effectively and fight for employment one point after folks logon toyota and i know new sun the merger creates the 4th biggest carmaker in the world with a sales volume of about 9000000 vehicles on uli both the deal is not quite done discussions over the final terms and legalities have yet to be finalized and there are also potential antitrust obstacles well that's how the markets reacted to the news shows today he is in frankfurt josefina chair has jumped time why is that this merger is really being billed as a merger or merger of equals 5050 investors really aren't seeing it that way and i think that's why you're seeing that peugeot shares down so much if you look at the details of the deal. yet chrysler is putting in about $5.00 to $6000000000.00 euros

into the combined company so they're they're giving their shareholders almost $6000000000.00 euros and peugeot is only giving their shareholders about $3000000000.00 euro so there's really an equity and how much money is going to be put in to the company by each side so i think that's part of it there's also sort of what investors are saying is that. you know it has also made all these investments into technology and they're really not getting their fair share and these jail terms so to delineate and frank thank you very much. now let's look a little deeper into that much and what it means for the whole sector let's bring it on to eling hosses an automotive analyst at ever call and joins us now from london it's a 5050 merger but who needs who more wealthy at chrysler certainly and as you said earlier. needs needs

a big alliance more. properly restructured business calicivirus that is done a fantastic job as c.e.o. of persia also bringing in overland boxall and turning these businesses around and on the other hand you have a few outcries the business which is at the peak of the market performing quite well in the u.s. but in any other region of the world they're really struggling there i mean you've mentioned it that we have this trend toward consulate in the car industry do you see that continue but it has to continue look i mean it kind of story is one of the least efficient industries globally it's suffering from just too many companies do little economies of scale the way the industry is leaning towards battery electric vehicles thomas cars means that we need a lot more scale all these companies and there are companies which are creating that scale original price we talked about today folks on this the scale to you

general motors and there are other companies which really have to answer questions and amongst these also b.m.w. mercedes in my view do you see any other mergers coming up is there anything on the horizon. well i think as i said there are challenged players reno's challenge there now left without a deal. i can't see any major deals from here happening without asian players coming towards europe or the u.s. or indeed you see something happening within germany like b.m.w. and mercedes getting closer together besides that i think it would involve 'd the players such as ski. thank you very much for this analysis. in the us the federal reserve has cut interest rates for the 3rd time this year the central bank low the benchmark rate by a quarter of

a percent to range between 1.5 and 1.75 percent challenger on powell has been under pressure from president trump to cut rates to 0 or even lower the fed told investors avoid pause to reassess the economy before making any further cuts. twitter will be banning political advertising on its platform from of them but the pressure for social media platforms to block attendance that influencing elections with polls information c.e.o. jack dorsey tweeted political message rich should be earned not bores social media companies including to put its rival facebook on the growing pressure to stop selling our ads that's bret's inaccurate information or a paid for by foreign governments trying to influence u.s. elections. india's government will formally break up the state of jump. into 2 federal territories on thursday it's fought

a sweeping move to tighten its grip over the region that is at the heart of more than 70 years of hostility with neighboring pakistan india puts job one kashmir on the direct control in august and closed it off to visit us the government said it wanted to help customers economy to flourish but the 2 has been paralyzed the region's most important industry for 2 months. srinagar in kashmir is known for its beautiful lakes. in the summer thousands of tourists spend their holidays here but this season the boat owners don't have any customers since india put the state of jammu and kashmir under its direct control then they closed the region to tourism glamorous school has a little floating hotel his is one of about 900 house boats on the 4 lakes of srinagar job. in the interests were all forced to leave kashmir

and now they're not coming back that's our problem here. who knew because it was. the floating hotels are usually poked on an online platform but that's not possible now mobile and internet services are disconnected many families have lost their entire income vincent shearer and lisa martin heard about it back home in ireland they decided to help the people in kashmir by renting a house boat for their holiday. we decided to come because we felt that it was important to support a region that was under a lot of pressure and. it has really suffered an awful lot with tourists not coming in the nearby mountains these indian tourists are enjoying the breathtaking view during the ride to the peak but they're the only ones here. there are 78 hotels in

the village and all of them have been empty for the past few months and of course there's no internet or cellular services here either. would ahmed obasi is the hotel's manager. the only thing he can do at the moment is guard the hotel. with 13 employees we pay their salaries and give them groceries but the conditions are so bad our employees have family and children where are they supposed to go the hotel owner is paying them out of his own pocket right now. the kashmir region is also known for its apples 75 percent of all indian apples are grown here but the farmers can only sell a small portion according to glenn mohammed 60 percent of the harvest is lost that's because modern communication tools don't work. don't have a telephone connection here anymore. and that's why we can't reach the buyers who

take our apples. the indian government suggested paying a higher price for kashmiri apples to help the farmers but the kashmiris themselves are just waiting for things to go back to normal. this halloween season is literally going to the dogs as more and more americans have turned to address their pets up in costumes according to the national retail foundation almost 13000000 americans have gone to buy the strangest and spookiest halloween costumes . one dog turns into a buzzy be another into a glitzy pumpkin. there's even a fearsome lion that ought to scare the neighbors. it seems there are just as many costumes for pets as there off of people stores in the us a full of cute and creepy pet attire the tone is love to buy for that dog's one

year he was a one year he was a pirate one year he went in drag last year he was a spider he loved his 8 legs this year he's going as a hot dog because he's have to all i have to accept he's 13 now says you got to be kind of more refined as an old man slash changer according to the national retail foundation americans will spend almost $9000000000.00 on how to wean almost half a 1000000000 on pet costumes and costume canine pics of big on facebook instagram whatsapp and pinterest. these days we're placing halloween orders as early as june or july we're finding that our distributors are selling out of halloween costumes months before halloween is even here we have to get in early and tissue paper a lot of sales and it's hard to predict what customers are going to buy but you can always bet that superheroes in your standard harder movie characters are going to

be a hit. sales of pet costumes have doubled since 2010 says the national retail foundation where the dogs find them creepy is anyone's guess but one thing is for sure the little canine costumes will light up any halloween celebration. you can be sure of and that's it for me on the business t.v. here in berlin for more business news and stories scotto website called slash business and also make sure you follow us on social media we're facebook and twitter for you go here is a quick look as global markets out there thank you very much. the be.

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. the be. hello and welcome to news from the world of arts and culture martin scorsese robert de niro and al pacino hollywood royalty together for the 1st time in the new movie the irishman also coming up the famous norwegian runs a car over canals gordon has curated an exhibition of edvard. in an old museum. and in our continuing series baking bread man.

is making rope lidsky from the czech republic. bots we begin with a new martin scorsese movie the irishman which has a star studded cast like no other indeed rob unbelievably this is the 1st time that a triumvirate of scorsese robert de niro and albert chino have collaborated together add to that mix joe pesci and harvey keitel this has the potential to be quite a movie not only that there is something they digital trickery that is quite type standing to see as well frank sheeran present it right yeah you served. under the contract management can only fire driver on very specific charges so. even a moving violation. you drink on the job. never hit anybody if i was.